Photo credit: Piraeus Port Authority (PPA S.A.)
Piraeus Port Authority (PPA S.A.) has announced that it proceeds with the establishment of a subsidiary company under the name “Piraeus Gate Supply Chain Single-Member S.A.”, based in Piraeus, as resolved by the board of directors during its meeting on October 19.
The initial share capital of the subsidiary company will amount to €30,000.00, and the participation of PPA S.A. in its share capital will be 100%.
The corporate purpose of “Piraeus Gate Supply Chain Single-Member S.A.” indicatively includes the development and provision of integrated services in the fields of supply chain (logistics), transportation, and port and related infrastructure, including the development, operation, and exploitation of storage facilities and distribution centers; the warehousing, handling, and distribution of goods; and the provision of related services and technological solutions.
Concurrently, the company will be active in real estate development, management, and utilization, as well as in the development, financing, implementation, and exploitation of investments and business projects in Greece and abroad, particularly in the sectors of tourism and hospitality, energy, infrastructure, transportation, the environment, real estate, and technology.
Its corporate purpose also encompasses cooperation and partnerships with third parties, as well as the acquisition, management, and disposal of equity interests in other companies.
Piraeus Port Authority said it will issue a new announcement upon the finalization of the establishment process of the new subsidiary.
